New car sales in August hit their highest level in five years, electric vehicles jump

Tesla alone recorded 3,397 new vehicle sales as a large shipment arrived, with its Tesla Model 3 becoming the No.4-selling vehicle in the entire Australian market in August. Tesla founder Elon Musk has been a leading figure in the march of electric vehicles around the world.

Mr Weber said electric vehicles accounted for 4.4% of total new vehicles sold, the highest market share for pure battery electric vehicles ever recorded in a single month in Australia.

Since the start of the year, sales of electric vehicles have represented 2% of the total market, hybrids 7.6% and plug-in hybrid vehicles 0.6%.

The top-selling vehicle in August was the Toyota Hi-Lux ute at 6,214, followed by the Ford Ranger ute at 4,497. The Toyota RAV4 SUV was third at 2,482, followed by the Tesla Model 3 at 2,380, then the Toyota Landcruiser at 2,379.

The NSW market generated a 40% increase in new vehicle sales after the same month a year ago was held back by closures. Victoria rose by 18.4%, while Queensland rose by 11.7%. South Australia suffered a 9.7% drop in new vehicle sales, while Western Australia fell 6.5% and Tasmania 3%.

Keith Thornton, the boss of Australia’s largest car dealership group, Eagers Automotive, said on August 25 that new car orders were 25% higher in July and August than a year ago and that there there was no sign of slowing down as interest rates rose.

The group operates 268 car dealerships in Australia and New Zealand and said demand was still well ahead of supply, even as households faced higher cost-of-living increases and long lead times. waiting.

He also said the steady transition to electric vehicles and other low-emission vehicles over the next five years would drive additional transactions above normal levels. “It’s a great catalyst for people to transact,” he said.

Neville Crichton, president of car distributor Ateco, which brings RAM vans, Maserati and Renault vehicles, said supply constraints were slowly starting to ease.

“At the very beginning, it seems that supply constraints and shipping times outside of Europe are improving, which is a positive sign for the industry. Shipping times in China remain challenging,” Crichton said.

“As supply lines begin to free up more, we expect this to drive further volume growth.”

He said for August, RAM sales were up 56% from a year ago, Maserati 41% and Renault 44%.

Eagers Automotive’s largest shareholder, Rich Lister Nick Politis, bought a 10,000-lot lot of shares in the company for 27 straight days through Aug. 18 as he positioned himself to meet demand.

Mr Politis, who is also chairman of the Sydney Roosters in the National Rugby League, was ranked No. 51 on the Australian Financial Journal’s rich list in 2022 with an estimated wealth of $2.23 billion.

The supply of electric vehicles has fluctuated significantly in recent months due to general supply chain bottlenecks and the prioritization of Northern Hemisphere markets by manufacturers.

In July, this caused a sharp reversal in electric vehicle sales in Australia, with just 609 all-electric vehicles sold, compared to 1,137 in June, according to FCAI figures.